{"id":822956,"date":"2025-01-30T07:11:53","date_gmt":"2025-01-30T13:11:53","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/30\/bkex-exchange-declared-an-illegal-gambling-platform-by-chinese-court\/"},"modified":"2025-01-30T07:11:53","modified_gmt":"2025-01-30T13:11:53","slug":"bkex-exchange-declared-an-illegal-gambling-platform-by-chinese-court","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/01\/30\/bkex-exchange-declared-an-illegal-gambling-platform-by-chinese-court\/","title":{"rendered":"BKEX Exchange Declared an Illegal Gambling Platform by Chinese Court"},"content":{"rendered":"<div id=\"main-content-row\">\n<div>\n<figure><img width=\"1200\" height=\"628\" src=\"https:\/\/image.coinpedia.org\/wp-content\/uploads\/2023\/11\/29130310\/FSB-Proposes-Stringent-Global-Crypto-Regulations-to-Curb-Wire-Fraud-and-Scams.jpg\" alt data-main-img=\"1\" decoding=\"async\" fetchpriority=\"high\"  ><\/figure>\n<\/div>\n<div id=\"the-post\">\n<p>A Chinese court has ruled that BKEX\u2019s contract trading was illegal gambling, and its employees and agents were accomplices in operating an unlawful casino. The court detailed how BKEX founder Ji Jiaming, currently on the run, set up the exchange and launched perpetual contract trading, allowing users to bet with high leverage on crypto price movements. Employees like Zheng Lei and Wang were convicted of aiding the platform\u2019s operations. While some sentences were suspended, hefty fines and asset recoveries were imposed. This ruling reinforces China\u2019s strict stance against crypto-related financial crimes.<\/p>\n<\/div>\n<div>\n<h2>We&#8217;d Love to Hear Your Thoughts on This Article!<\/h2>\n<div>\n<h4>Was this writing helpful?<\/h4>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/coinpedia.org\/crypto-live-news\/bkex-exchange-declared-an-illegal-gambling-platform-by-chinese-court\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><br \/>\n Elena R<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A Chinese court has ruled that BKEX\u2019s contract trading was illegal gambling, and its employees and agents were accomplices in operating an unlawful casino. The court detailed how BKEX founder Ji Jiaming, currently on the run, set up the exchange and launched perpetual contract trading, allowing users to bet with high leverage on crypto price<\/p>\n","protected":false},"author":1,"featured_media":822957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[27575,2038],"tags":[],"class_list":{"0":"post-822956","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-declared","8":"category-exchange"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/822956","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=822956"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/822956\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/822957"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=822956"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=822956"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=822956"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}